Ethics

The Importance of Ethics in the Work of Professional Accountants

Ethics for sustainable AI adoption: connecting AI and ESG

Artificial intelligence (AI) is relevant to accountancy and finance professionals because it is moving from the experimental stage to adoption at scale over the decade of the 2020s.

Ethical Leadership in an Era of Complexity and Digital Change: Paper 1

This paper is the first of four thought leadership pieces that build on a collaborative exploratory paper and global roundtable event held jointly with Chartered Professional Accountants of Canada (CPA Canada) and the Institute of Chartered Accountants of Scotland (ICAS), entitled Ethical Leadership in an Era of Complexity and Digital Change. The exploratory paper, a summary of the event, and an on-demand recording are available here. The paper was also informed by diverse stakeholder views gathered through the IESBA’s broader technology initiative.

Gen Z Holds Positive Views of Accounting Careers but many Question Business Leaders' Integrity

Eighteen to 25-year-olds entering the workforce, known as Gen Z, are primarily concerned about job security, well-being and mental health, according to a recent global survey. They see accountancy as an attractive career that offers long-term prospects. However, many question the integrity of business leaders.


IESBA Warns of Rising Ethical Challenges as Pandemic Recedes

Professional accountants showed resilience during the pandemic but, as the world recovers, the International Ethics Standards Board for Accountants warns that ethics challenges for the accountancy profession and stakeholders remain and might intensify.

Final Pronouncement: Revisions to the Fee-Related Provisions of the Code | IESBA

The revisions to the fee-related provisions of the code include a prohibition on firms allowing the audit fee to be influenced by the provision of services other than audit to the audit client; in the case of PIEs, a requirement to cease to act as auditor if fee dependency on the audit client continues beyond a specified period; communication of fee-related information to TCWG and to the public to assist their judgments about auditor independence; and enhanced guidance on identifying, evaluating and addressing threats to independence.

Final Pronouncement: Revisions to the Non-Assurance Service Provisions of the Code | IESBA

The revised NAS provisions contain substantive revisions that will enhance the International Independence Standards (IIS) by clarifying and addressing the circumstances in which firms and network firms may or may not provide a NAS to an audit or assurance client. The revised provisions include new requirements that expressly prohibit firms and network firms from providing certain types of NAS to their audit clients, especially when they are public interest entities (PIEs).

Proposed Revisions to the Definitions of Listed Entity and Public Interest Entity in the Code | IFAC

This exposure draft proposes revisions to the International Code of Ethics for Professional Accountants (including International Independence Standards) that broadens the definition of a public interest entity (PIE). These revisions include more categories of entities, given the level of public interest in their financial condition, for the purposes of additional independence requirements to enhance confidence in their audits.


Ethics, Technology, and the Professional Accountant in the Digital Age

Change is here - and more is coming - for the accountancy profession. New technologies are driving that change. This is nothing new: the profession adapted and thrived through the past century of technological revolution. But success is not a given. The profession will achieve it only with thorough and thoughtful responses to today’s challenges and preparation for those to come.

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